Page 6 - Indian Markets

Sensex dips 124 pts, smallcaps shine; Paytm cracks 9%, Tata Motors up 2%

CLOSING BELL: HCL Tech (down 2.7 per cent), Tata Steel, Reliance Industries, Wipro, ITC, ICICI Bank, Infosys, and HUL were top Sensex losers

Charts suggest Nifty Energy index could bounce back, says Ravi Nathani

According to the technical analyst, in the past four days, the Nifty Energy index appears to be encountering resistance at 22,650, and a violation of this level could signal the start of accumulation

Sensex rises 142 pts in fag-end, Nifty near 17,900; broader indices fall

CLOSING BELL: Adani Enterprises, Adani Ports, Hero MotoCorp, Cipla, JSW Steel, Bharti Airtel, Sun Pharma, UPL, Ultratech Cement, HDFC, Bajaj Auto, and Tata Motors fell over half a per cent to 11%

M&M's Q3 revenues may rise up to 42% YoY, fall in RM prices to aid margins

On the bourses, shares of M&M declined 1.4 per cent in Q3FY23, whereas peers like Maruti Suzuki, and Tata Motors slipped up to 4 per cent

Sebi proposes bondholders' nod for related party transactions for companies

The norms will be applicable to only listed non-convertible debt securities, according to SEBI

Markets gain on dovish comments by US Fed chairman; Sensex rise 378 points

Bank Nifty underperforms after RBI raises hikes rate by 25bps

Adani Enterprises, RBI policy takes Nifty above 17,850, Sensex leaps 378pts

CLOSING BELL: Adani Enterprises surged 23 per cent, while Adani Ports zoomed 9 per cent, leading the winners' list on the Nifty50

Macquarie double upgrades Paytm to 'outperform', ups target price by 80%

This comes after the firm narrowed its net loss to Rs 392 cr in Q3 of FY23, from Rs 778.4 cr in Q3FY22, and expanded revenue from operations by 41.62% to Rs 2,062.2 cr

Sensex drops 221 pts day ahead of RBI decision; Adani Ent up 15%, Paytm 5%

CLOSING BELL: Adani Enterprises (up 15 per cent), Dr Reddy's Labs, Adani Ports, Kotak Bank, IndusInd Bank, Bajaj Finance, Bajaj Auto, ONGC, JSW Steel, and Eicher Motors led the recovery

Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

CLOSING BELL: Among sectors, the Nifty Metal index fell 2.2 per cent, followed by the Nifty IT index (down 0.6 per cent), and the Nifty Bank index (down 0.3 per cent)

Adani group stock rout has shaken investor faith, says Gaurav Dua

"A monetary policy meeting this week and some important October-December 2022-23 results may influence the near-term direction of markets"

US emerges as India's top destination for goods exports in April-Dec 2022

The US has emerged as India's top destination for merchandise exports during April-December this fiscal at USD 59.7 billion, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Commerce and Industry Minister Piyush Goyal said the government has taken a series of measures to promote the country's exports. The steps include an extension of existing foreign trade policy till March 31; an extension of interest equalisation (subsidy) scheme on pre and post-shipment rupee export credit till March 31 next year; and a roll-out of Remission of Duties and Taxes on Exported Products (RoDTEP) scheme. According to the data provided by the minister in his reply, the US was followed by UAE (USD 23.31 billion); Netherlands (USD 14.1 billion); China (USD 11 billion); Singapore and Bangladesh (about USD 9 billion each). In reply to a question on startups, Minister of State for Commerce and Industry Som Parkash said that Startup India Seed Fund Scheme (SISFS) is implemented from

FMCG industry witnesses consumption slowdown in the Dec quarter: Report

The country's Fast-moving consumer goods (FMCG) industry witnessed a consumption slowdown in the December quarter, with an overall "negative" volume growth, as consumers continue to reel under inflationary pressure, says a report. According to the report released by data analytics firm NielsenIQ on Thursday, in October-December, the FMCG industry grew 7.6 per cent in terms of value but its volume growth was (-) 0.3 per cent. "... Overall FMCG volume growth is negative, the absolute values, as well as volumes, continue to be above pre-Covid levels across markets," it said. The rural markets declined 2.8 per cent registering the sixth consecutive quarter with negative volume growth, while the urban market maintained stable positive growth of 1.6 per cent. In the retail space, Modern Trade channels maintained a double-digit value growth of 23.3 per cent and volume growth of 12.6 per cent on a year-on-year basis. While the FMCG sales from traditional trade channels such as Kirana stor

Bajaj Electricals Q3 profit rises 27%, amid high demand of consumer goods

India's Bajaj Electricals Ltd reported a near 27% surge in third-quarter profit on Thursday, aided by higher demand for consumer goods

TMS Ep360: Budget for common man & corporates, Shankar Sharma, govt revenue

What does Budget 2023 have for the common man? How will Budget impact corporate India? What does Budget mean for markets & investors? Where does the rupee come from and where does it go? Answers here

Budget impact: From Adani Ports to Wipro, street shows mixed emotions

Here're the key stocks from Union Budget 2023

Reliance Industries stops local petcoke sales, boosts imports: Reports

Reliance Industries has stopped selling petroleum coke within India and boosted imports of the product to turn it into synthetic gas to power its refineries

Winter chill grips domestic indices unlike Asian peers; Nifty50 falls most

Indian equities worst-performing in January

Senior executives in India to see average pay hike of 9.1% in 2023: Study

Senior executives in India are expected to receive an average 9.1 per cent increase in their salaries this year, up from 8.9 per cent in 2022. According to leading global professional services firm Aon plc, the average CEO compensation was Rs 8.4 crore, and it has increased 21 per cent in the last four years, as there is an emphasis on rewarding executives for the value they bring to the organisation. According to Aon's latest Executive Rewards Survey in India, for board and senior managerial positions, one in three organisations are focusing on improving diversity levels. Boards are also embedding environmental, social and governance (ESG) factors, diversity and succession metrics in the long-term and short-term goals for CEOs and executive leaders. Aon's 12th annual study, analysed data across 519 companies from more than 25 industries. "Senior executives' salary increases continue to focus on pay at risk, indicating the emphasis on rewarding executives for the value they bring

Sebi may probe short selling to hammer down Indian markets: Report

The votaries of short selling consider it as a desirable and an essential feature of a securities market